Savings Accounts Options
Secure savings accounts, competitive yields
At RBFCU, we offer products that make your life easier. With just $1, you can open a savings account to establish membership and have access to many options for your funds.
Savings Account
Your savings account is your passport to the many other financial resources RBFCU offers. To get started with your new savings account, you’ll need to qualify for membership.
Savings account benefits and features:
- $1 minimum deposit to open account and earn stated Annual Percentage Yield (APY)
- No monthly service fees
- Use as an overdraft protection option
- Dividends paid monthly
Share Certificate Accounts
Certificates earn higher yields on money put aside into savings, providing good returns without high risk.
Certificate accounts benefits and features:
- $1,000 minimum deposit to open account and earn stated APY
- Automatic renewal on maturity
- Tiered dividends allow you to earn higher yields on your savings
- Dividends can be compounded or paid to checking, savings or Money Market
Subject to change without prior notice. Additional restrictions may apply. Minimum initial deposit and minimum balance to earn advertised APY is $1,000. Penalty for early withdrawal may reduce earnings. APY means Annual Percentage Yield. The APY for certificates assumes dividends are added back to the certificate. Membership eligibility required.
Money Market Accounts
Money Markets frequently pay higher dividend rates while requiring a higher minimum balance. At RBFCU, we offer two Money Market options: the RBFCU Classic Money Market and the RBFCU Choice Money Market.
RBFCU also provides specialized savings options, including interest on lawyer trust accounts (IOLTAs), Texas Uniform Transfer to Minors Act accounts (TUTMAs) and trusts. If you are interested in opening one of these accounts, please contact our Specialized Accounts Team.
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What happens if I exceed six transfers from my Money Market account per month?
An Excessive Transaction Fee will be charged for each withdrawal and/or outgoing transfer exceeding six (6) per month (when completed in person, over the phone, electronically or preauthorized). Please refer to the Truth in Savings Fee Schedule for additional information.
